Fiance's IRS debt impacts marriage, especially in some states
A person's unpaid IRS debt from before marriage will not automatically transfer to their spouse, but it can still impact the marriage financially. The debt can affect joint finances, especially in community property states, potentially impacting jointly owned assets. It could also hinder the ability to secure loans and limit funds available for shared goals like vacations or retirement. Financial expert Liz Weston advises addressing the tax issue promptly by filing missing returns and exploring IRS payment plans to mitigate potential enforcement actions like wage garnishment.